Q4 Results: Waaree Energies Profit Up 34%; HCLTech To Increase Hiring In FY26

We see encouraging demand trends, which bodes well for future growth. Waaree is focused on both backward and forward integration, reflected in our expansion and investment plans including cell, ingot and wafer manufacturing, battery energy storage system, power infrastructure and inverters, according to CEO, Amit Paithankar.

"Our 1.6 GW module manufacturing facility is operational in Brookshire, Texas, USA. This reinforces our commitment to the American market and underlines our local-for-local manufacturing philosophy. Our strategy of local manufacturing and supply chain management will help us navigate through the changing policy environment," he added.

Waaree Energies orderbook stands at Rs 47,000 crore as of financial year 2025 according to the company's investor presentation. Nearly 60% of this comes from overseas clients.

The orderbook contains 25 GW and over 100 GW in the pipeline.

Waaree Energies Q4 Highlights (Consolidated, YoY)

• Revenue up 36.4% to Rs 4,004 crore versus Rs 2,936 crore.

• Ebitda to Rs 923 crore versus Rs 418 crore.

• Margin to 23% versus 14.2%.

• Net profit up 34% to Rs 619 crore versus Rs 461 crore.

Huhtamaki India Q4 Highlights (Consolidated, YoY)

• Revenue flat at Rs 610 crore versus Rs 610 crore.

• Ebitda down 5.9% to Rs 38.6 crore versus Rs 41 crore.

• Margin to 6.3% versus 6.7%.

• Net profit flat at Rs 26 crore versus Rs 26 crore.

Delta Corp Q4: Highlights (Consolidated, YoY)

• Revenue down 1.2% to Rs 183 crore versus Rs 185 crore.

• Ebitda down 12% to Rs 42.5 crore versus Rs 48.3 crore.

• Margin to 23.3% versus 26%.

• Net profit to Rs 165 crore versus Rs 72.4 crore.

• Exceptional gain of Rs 212 crore in the March quarter.

Announced final dividend of Rs 1.25 per share.